1/ Bitcoin tries to solve integrity / nonrepudiation / authenticity problems. I.e. problems in cryptographic domain.
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Replying to @generativist
4/ So, Bitcoin solves cryptographic problems by creating incentives that solve the collective action problem of resource allocation.
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Replying to @generativist
The collective action problem solved is network transmission. Resources aren't allocated in a way that provides a public good.
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Replying to @Revolut_io
I'd argue that anything which facilitates trust is a (critically important) public good.
8:43 AM - 6 Jan 2017
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